https://www.taxtmi.com/circulars?id=64858 Mutual funds may enter into plain vanilla Interest Rate Swaps (IRS) for hedging, with swap notional not to exceed the value of the assets being hedged. For OTC IRS, counterparties must be regulated market makers and exposure to a single counterparty is subject to a single-counterparty exposure cap. If IRS are transacted via an electronic trading platform where a clearing corporation acts as central counterparty guaranteeing settlement, the single-counterparty cap does not apply. en-us Fri, 18 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64858 Mutual funds may enter into plain vanilla Interest Rate Swaps (IRS) for hedging, with swap notional not to exceed the value of the assets being hedged. For OTC IRS, counterparties must be regulated market makers and exposure to a single counterparty is subject to a single-counterparty exposure cap. If IRS are transacted via an electronic trading platform where a clearing corporation acts as central counterparty guaranteeing settlement, the single-counterparty cap does not apply. Circulars SEBI Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64858